date:Jul 23, 2013
r and factory restructuring. Cloetta's underlying operating profit for the first half stood at SEK200 million.
However, the market for confectionery in Europe remained relatively weak, and especially so in Italy, the Netherlands and Denmark. Finland also 'lost momentum' during Cloetta's second quarter, with weak economic development and a falling GDP in the region, according to the company.
As a result, sales fell by 1.7% to SEK2.26 billion during the six-month period from January to June. Net